XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Interest and dividend income:    
Loans, including fees $ 16,082 $ 15,988
Debt securities:    
Taxable 1,762 2,080
Tax-exempt 728 378
Dividends 165 152
Interest earning time deposits 24 2
Federal funds sold and interest earning deposits 4 4
Total interest income 18,765 18,604
Interest expense:    
Interest on deposits 2,896 3,236
Interest on short-term borrowings 26 27
Interest on long-term borrowings 986 1,078
Total interest expense 3,908 4,341
Net interest income 14,857 14,263
Provision for loan losses 825 940
Net interest income after provision for loan losses 14,032 13,323
Noninterest income:    
Service charges on deposit accounts 1,112 1,131
Earnings and gain on bank owned life insurance 309 224
Loan servicing fees 211 196
Net gains on sales and redemptions of investment securities 375 791
Net gains (losses) on sales of loans and foreclosed real estate 61 (50)
Debit card interchange fees 426 369
Other charges, commissions & fees 569 531
Total noninterest income 3,063 3,192
Noninterest expense:    
Salaries and employee benefits 7,496 7,076
Building occupancy 1,427 1,395
Data processing 1,437 1,398
Professional and other services 654 681
Advertising 453 437
FDIC assessments 311 390
Audits and exams 248 162
Other expenses 1,492 1,609
Total noninterest expenses 13,518 13,148
Income before income taxes 3,577 3,367
Provision for income taxes 929 1,044
Net income 2,648 2,323
Preferred stock dividends and discount accretion 449 1,003
Net income available to common shareholders $ 2,199 $ 1,320
Earnings per common share - basic (in dollars per share) $ 0.88 $ 0.53
Earnings per common share - diluted (in dollars per share) $ 0.87 $ 0.52
Dividends per common share (in dollars per share) $ 0.12 $ 0.12